Podcast Location:
Download it here [file size: 21.1 MB]
Banking and Financial Services
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast aims to explore some of the developing themes in financial services regulation following the recent difficulties in the banking sector.

The podcast will look at how states are managing tension between national interests and the general international interest for stability within the financial services sector.

Consideration will also be given to the proposals by the three main UK political parties on the future of financial services regulation, examining the future role of the FSA and its relationship with the Bank of England.

Roger will also be discussing the concept of a 'living will' for some financial institutions. Throughout the podcast, reference will be made to the changing culture in financial services regulation from one based upon prescription to a more principles based approach and the concept of 'fairness'.

After completing the course you will:
  • Understand the regulatory framework at the G20 and international level;
  • Understand the European framework and mechanisms for the production of technical standards in financial services regulation;
  • Be aware of the current political debate in the UK regarding the division of powers between the FSA and the Bank of England;
  • Understand the concept of a 'living will' for some financial institutions and how it can avert disaster or mitigate losses for institutions that may be 'too big to fail';
  • Understand the changes being made to the culture of financial services regulation and the move towards principles rather than strict rules;
  • Be aware of the pervasive concept of 'fairness' in financial services regulation and how it is enforced.
Intermediate Difficulty: 3 of 5
Legal Principles
Legislative Updates
Sources and References:
  • There are no relevant citations for this podcast.

In this podcast, specialist financial services practitioner Roger Tym discusses the likely reforms affecting the financial services sector at the national, European and international level.

Podcast added: 06/04/10

Podcast last reviewed: 2011-05-27

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